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Can You Compete With Heavily Funded Startups Without Big VC Funding?
There are always competitors who have been longer in the game and who are better funded. But it doesn’t mean they will be the winners in the marathon. A startup is a marathon, not a sprint. Gobs of VC money never guarantees a startup’s success. A nimble upstart can beat a well funded competitor with
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Building Multiple Bootstrapped Education Software Companies: Lane Rankin, CEO of Illuminate Education (Part 4)
Sramana Mitra: What did you learn? Was the threshold one salesperson per state? How were you calculating your expansion strategy? Lane Rankin: Just about every time we would go and meet with the district, we would win a sale. If we have a presentation, 80% of the time we are winning the business. We were growing
Catching Up On Readings: Crunchies 2017
This feature from TechCrunch covers the highlights of the 10th Annual Crunchies held in Silicon Valley last week. Called the Oscars of Tech, the award for Hot New Startup went to Otto and the Best Startup went to Slack. For this week’s posts, click on the paragraph links.
Learning From Mistakes: Roy Peleg, CEO of FirstImpression.io (Part 6)
Sramana Mitra: Was this was a 3-month acceleration program? Roy Peleg: No, it was a 4-month program. Sramana Mitra: Then you went back to Israel? Roy Peleg: Yes. The business started growing a bit, but not too much. With the feedback that we got and the additional focus on our business model, we gradually added
Building Multiple Bootstrapped Education Software Companies: Lane Rankin, CEO of Illuminate Education (Part 3)
Sramana Mitra: We are now at the point where you bought some portions of your previous company that you bought to Harcourt. You’re now ready to start off on your own in 2009. What happens next? Lane Rankin: We started over in 2009 with some pieces of a new platform. We had started a new
Learning From Mistakes: Roy Peleg, CEO of FirstImpression.io (Part 5)
Sramana Mitra: You were doing this full-time? You didn’t have a full-time or part-time job at this point? Roy Peleg: Right. My sister was looking for a job. I decided to hire her full-time. When she went on her honeymoon, I started to look for someone to replace her and also found our first developer. A
Building Multiple Bootstrapped Education Software Companies: Lane Rankin, CEO of Illuminate Education (Part 2)
Sramana Mitra: You financed the other company using the resources of the first company? Lane Rankin: Correct. Sramana Mitra: If you look at revenues and stuff, how was the first company doing? What was the trajectory of the second company? Lane Rankin: Our turnover was around $2 million to $3 million in the first company. I
February 16 – 340th 1M/1M Mentoring Roundtable For Entrepreneurs
Entrepreneurs are invited to the 340th FREE online 1M/1M roundtable mentoring session on Thursday, February 16, 2017, at 8 a.m. PST/11 a.m. EST/9:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any
